Ricardo (LON:RCDO) Stock Crosses Above 200-Day Moving Average of $452.22

Ricardo plc (LON:RCDO) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 452.22 ($5.59) and traded as high as GBX 473 ($5.84). Ricardo shares last traded at GBX 450 ($5.56), with a volume of 97,659 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “hold” rating on shares of Ricardo in a report on Wednesday, March 6th.

Ricardo Trading Down 3.8 %

The company’s fifty day moving average price is GBX 438.60 and its two-hundred day moving average price is GBX 452.22. The company has a current ratio of 1.92, a quick ratio of 1.57 and a debt-to-equity ratio of 78.74. The firm has a market cap of £279.99 million, a P/E ratio of -45,000.00 and a beta of 0.58.

Ricardo Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were issued a GBX 3.80 ($0.05) dividend. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 14th. Ricardo’s payout ratio is -120,000.00%.

Insider Transactions at Ricardo

In related news, insider Judith Cottrell acquired 6,782 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of GBX 439 ($5.42) per share, with a total value of £29,772.98 ($36,774.93). 2.57% of the stock is owned by insiders.

About Ricardo

Ricardo plc provides environmental, technical, and strategic consultancy services in the United Kingdom, Europe, North America, China, rest of Asia, Australia, and internationally. It operates through Energy and Environment (EE), Rail, Automotive and Industrial (A&I) Emerging, Automotive and Industrial (A&I) Established, Defense, and Performance Products (PP).